Is Thermax technically bullish or bearish?

Nov 09 2025 08:10 AM IST
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As of November 7, 2025, Thermax's technical trend is bearish with moderate strength, supported by bearish signals from the monthly MACD, Bollinger Bands, and daily moving averages, despite a mildly bullish weekly MACD and mixed signals from Dow Theory.
As of 7 November 2025, the technical trend for Thermax has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish signal, but the monthly MACD is bearish, which suggests a lack of strong upward momentum. The Bollinger Bands and KST are both bearish on a weekly and monthly basis, reinforcing the bearish outlook. Daily moving averages are also bearish. The Dow Theory shows a mildly bullish signal on the weekly but no trend on the monthly, indicating mixed signals. Overall, the indicators suggest a bearish sentiment prevailing in the market for Thermax.
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